Topic: QuarkCoin-The price and potential (Read 3591 times)
All coins are pumped and dumped, what you need to look at is the fundamentals. Quark has one of the fastest networks, and all those CPUs aren't going away, it'll stay that way.
Pump and dump, simple as that. Glad I lost a few bucks today experimenting, now I have just reaffirmed that I shouldn't touch this coin.
I bet you will touch Quark again, but at what price level?
Pump and dump, simple as that. Glad I lost a few bucks today experimenting, now I have just reaffirmed that I shouldn't touch this coin.
I'd look at this as another chance to buy cheap. No reason to drop in value with a delay on an exchange. They pretty much hinted in CAPITAL letters it would be delayed because there was too much hype. It will quietly be added at some point soon.
The despair is creeping.. you think they will add it now?
I'd look at this as another chance to buy cheap. No reason to drop in value with a delay on an exchange. They pretty much hinted in CAPITAL letters it would be delayed because there was too much hype. It will quietly be added at some point soon.
I'm just stating my concerns when I consider investing in a coin that was dormant and very inexpensive for an extended period of time and was 98% mined. It's just a gut instinct I had when I began to read about QRK
It takes time for people to figure something out, bitcoin was also dormant and traded under a dollar for a very long time.
hi, I'm running out of qrkCoins: (
QTQwqqtYGSZhX9W3HzEnksCUFdeVR4AQF2 thx
QTQwqqtYGSZhX9W3HzEnksCUFdeVR4AQF2 thx
Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?
Newbie here, but here's my two cents. Your explanation is somewhat believable, but I just don't see enough convincing evidence that the devs or big wallet guys have a long-term vested interest in seeing quark spread worldwide and become a household name over a few years time, when BTC and to an extend, LTC are buzzwords and growing in use. The temptation to cut and run with millions during an upturn (pump and dump as they say around here) is always going to be there, especially with Quark being almost mined out. I jumped shipped just a few hours ago with half my coins, after exhaustively spending about 14 hours reading everything I can about Quark, most of it is future speculation on the Chinese jumping on board (if they criminalized bitcoin markets, Quark is probably next on the chopping block), and a few big name dudes praising Quark here and there for publicity. It just doesn't feel right. If the Chinese don't grab it like expected, I'm cutting my losses and focusing elsewhere.
Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?
Probably they haven't, but it's so cool to parrot someone else's 'pump and dump' buzz word and have a strong feeling of bond with whoever they parrot. It's much easier than do the research and understand how things work.
I'm just stating my concerns when I consider investing in a coin that was dormant and very inexpensive for an extended period of time and was 98% mined. It's just a gut instinct I had when I began to read about QRK
Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?
Probably they haven't, but it's so cool to parrot someone else's 'pump and dump' buzz word and have a strong feeling of bond with whoever they parrot. It's much easier than do the research and understand how things work.
I feel like the majority of the wealth is stagnet in a handful of wallets. For the sake of this example let's say its 99% of the coin. Now only 1% is in trade causing a $0.13 rate for a coin. But in reality theres no way the market cap is $ 31,247,995 (calculated by $ 0.13 * 245,926,801 QRK),
In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading
In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading
according to this site:
bitinfocharts.com/top-100-richest-litecoin-addresses.html
Litecoin - 35% of all coins are owned by the top 27 wallets
Peercoin - 44% of all coins are owned by the top 27 wallets
From the guy who is auditing Quarks block chain:
- A number of things to keep in mind:
1. The addresses I have listed here were found by just randomly clicking through the blockchain, e.g. by following the earliest mined blocks. This list is not exhaustive and there could (or could not) be many more large wallets. To get a true comprehensive list I assume you would need some kind of script, but I'm afraid I do not have the skills to do that. My purpose was just to make a start with it to get some facts on the concentration of Quarks. If someone has the skills to write such a script, please help out
So far I have found three wallets with 4%, 4% and one with 6%. There are probably a few more wallets like that out there - but that's speculation.2. Quark has almost been fully mined, wheres Bitcoin, Litecoin, etc. are maybe halfway there. So we are then comparing 30% of total supply in 27 wallets vs. 35% of half the total supply in 27 wallets. I'm not sure whether that percentage is correct though, judging by the Bitcoin ownership pie chart linked to in the post above? bitcoinrichlist.com/charts/bitcoin-distribution-by-address. Seems like Bitcoin is less concentrated than that.
Quark is in the DISTRIBITION phase right now, what don't you understand. Ofcource there are wallets with bigger numbers. For real have you all even been following cryptos since BTC was worth less than $100?
Lots of miners sold their coins over the time, seeing the prices fall lower and lower. I once had 500k...
Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:
http://quark.freeforums.net/thread/296/quark-community-project-development-teams
http://quark.freeforums.net/thread/296/quark-community-project-development-teams
but ltc has warren and a competent dev team, BTC has many competent devs, and PeerCoin has Sunnky King which is the closest thing to satoshi , when you think about it. Finally Emunie has fuserleer another competent dev.
Who exactly does quark have as their dev?
Maxguevara is the developer of Quark: http://quark.freeforums.net/thread/377/quark-community-development
Quarks dev team and if you go through the previous pages you can see their background: http://quark.freeforums.net/thread/296/quark-community-project-development-teams
pump and dump happen in every coin. You are retarded to believe it didn't or still doesn't happen to btc and ltc
For my own amusement, I took the screenshots of QRK (a lot newer than the other two), PPC and LTC graphs from https://www.cryptsy.com/ and they all look pretty much the same. Is LTC as much p n' d as Quark then? I think this "p n' d" phase is bane of every new coin and part of the evolution... time to get over it guys
Check it out. Graphs were taken today - http://imgur.com/a/mdlQO
However, when you check QRK volumes, you can see that most was traded before it was worth anything (HUGE advantage to Quark here)... That can not be said about LTC and PPC. No need to call any coin "scamcoin" without doing some research.
Check it out. Graphs were taken today - http://imgur.com/a/mdlQO
However, when you check QRK volumes, you can see that most was traded before it was worth anything (HUGE advantage to Quark here)... That can not be said about LTC and PPC. No need to call any coin "scamcoin" without doing some research.
I feel like the majority of the wealth is stagnet in a handful of wallets. For the sake of this example let's say its 99% of the coin. Now only 1% is in trade causing a $0.13 rate for a coin. But in reality theres no way the market cap is $ 31,247,995 (calculated by $ 0.13 * 245,926,801 QRK),
In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading
In our example, the market cap would be $ 31,247,995 * $0.13 * 1%/100% = $312,479.
In all reality theres much more than 1mil coins in trade currently, but I find the coinmarketcap misleading
I feel its a pump and dump. Invest your money at your own risk.
I would say, whoever wanted to dump has already dumped in the last few days, so it's discounted again.
Because Quarkcoin is the most secure and doesn't require to invest in specialized mining gear, it will have broad support from users with even a low-end computer or anything that has a CPU to mine it.
Because Quarkcoin is the most secure and doesn't require to invest in specialized mining gear, it will have broad support from users with even a low-end computer or anything that has a CPU to mine it.
Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:
http://quark.freeforums.net/thread/296/quark-community-project-development-teams
http://quark.freeforums.net/thread/296/quark-community-project-development-teams
He caused a 900% increase?
I am from Europe and I have no clue who Keiser is. Apparently he has a lot of influence..
He went viral with his show covering BTC and LTC and used his hype to lure lots of inexperienced people into buying one of many low-priced coins he probably picked in collaboration with some of the early adopters. If you observe closely not much volume (BTC) was required to pump it 100x, even more massive pumps and dumps were performed many times before (see fontas on btc-e).
Quark is a bargain right now. Those who whine don't want you to invest in a coin they didn't invest into. keiser pushed ltc from $5 to $48, he mentioned quark, this alone is huge advantage over all other coins, not to mention it has interesting features and a growing development team:
http://quark.freeforums.net/thread/296/quark-community-project-development-teams
http://quark.freeforums.net/thread/296/quark-community-project-development-teams
but ltc has warren and a competent dev team, BTC has many competent devs, and PeerCoin has Sunnky King which is the closest thing to satoshi , when you think about it. Finally Emunie has fuserleer another competent dev.
Who exactly does quark have as their dev?
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